SOLUTION: find the simple interest rate that i earn if my principle of $30,000 earns $7800 interest in 4 yrs

SOLUTION: find the simple interest rate that i earn if my principle of $30,000 earns $7800 interest in 4 yrs

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Question 631730: find the simple interest rate that i earn if my principle of $30,000 earns $7800 interest in 4 yrs
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
find the simple interest rate that i earn if my principle of $30,000 earns $7800 interest in 4 yrs
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I = Prt
7800 = 30,000*i*4
i = 0.065
i = 6.5%
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Cheers,
Stan H.
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